cryptobriefing.com
Key Takeaways
- FTX and Alameda Research staked 20,736 $ETH valued at $79 million after recent Bybit withdrawals.
- The entities unstaked over 3 million Solana tokens valued at approximately $431 million in March.
Wallets linked to FTX and Alameda Research staked 20,736 Ethereum valued at approximately $79 million on Wednesday, according to data tracked by Lookonchain.
The move follows $ETH withdrawals by defunct crypto trading firms earlier this year. Between December 17, 2024, and January 9, 2025, FTX and Alameda withdrew about 21,650 $ETH from Bybit.
FTX/Alameda staked 20,736 $ETH($79M) an hour ago.
Between Dec 17, 2024, and Jan 9, 2025, FTX/Alameda withdrew 21,650 $ETH($75.3M) from #Bybit at an average price of $3,478.https://t.co/RBSW7DEx21 pic.twitter.com/5E0ku6WGni
— Lookonchain (@lookonchain) July 31, 2025
The entities previously unstaked over 3 million Solana tokens worth approximately $431 million in March, marking their largest unstaking event since beginning token sales in November 2023. Following the action, around 25,000 Solana tokens valued at roughly $3.3 million were moved to Binance.
These asset movements occurred amid FTX and Alameda’s ongoing effort to liquidate holdings under court-mandated weekly limits tied to their bankruptcy estate.
Last week, FTX and FTX Recovery Trust announced plans to distribute $1.9 billion to creditors on September 30 in their third round of payouts. The distribution follows a court decision to reduce the disputed claims reserve from $6.5 billion to $4.3 billion.
Creditors in China and certain other jurisdictions facing restrictions are expected to be excluded from the upcoming payment.